MACOM Technology Solutions (NASDAQ: MTSI) Surges 11.52% on Strong Q3 Earnings, 5G Demand

The share price rose to its highest level so far this month, with an intraday gain of 13.06%.

MACOM Technology Solutions (NASDAQ: MTSI) surged 11.52% in a two-day rally, marking a 15.81% cumulative increase. The stock’s performance was driven by strong third-quarter financial results, including a 30.1% year-over-year revenue jump to $261.2 million and adjusted earnings per share of $0.94, which exceeded Wall Street estimates. Management also projected fourth-quarter revenue of $269 million, surpassing analyst forecasts, signaling sustained momentum in demand for network chips used in 5G infrastructure and data centers.

While broader equity markets experienced volatility, MACOM’s shares demonstrated resilience, reaching a 52-week high of $164.22. Analysts attributed the stock’s strength to its positioning in high-growth sectors and operational efficiency. However, recent gains have drawn scrutiny over valuations, with a 2.9% pullback observed earlier in the week amid broader market corrections. Despite this, MACOM’s year-to-date total return of 26.9% underscores investor confidence in its long-term growth prospects, particularly as 5G adoption and data center expansion drive demand for its products.